Tradeweb Markets (TW) Intangibles (2018 - 2026)
Tradeweb Markets (TW) posted quarterly Intangibles of $1.1 billion for Q1 2026, down 10.22% year-over-year from $1.2 billion in Q1 2025, and up 313.97% on a QoQ basis from $270.3 million in Q4 2025.
Tradeweb Markets (TW) Intangibles (2018 - 2026) Analysis & Trends
Tradeweb Markets (TW) has reported Intangibles for 9 consecutive years, with $1.1 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Intangibles fell 10.22% year-over-year to $1.1 billion; the TTM figure through Mar 2026 stood at $1.1 billion (down 10.22% YoY), while the FY2025 annual figure was $270.3 million, down 78.9% from the prior year.
- Intangibles came in at $1.1 billion for Q1 2026 at Tradeweb Markets, up from $270.3 million in the prior quarter.
- The five-year high for Intangibles was $1.3 billion in Q4 2024, with the low at $131.3 million in Q4 2023.
- Average Intangibles over 5 years is $790.7 million, with a median of $1.0 billion recorded in 2023.
- Across the five-year window, Intangibles slumped 87.99% in 2022 and jumped 875.31% in 2024, its largest moves.
- Year by year, Intangibles stood at $141.8 million in 2022, then declined by 7.4% to $131.3 million in 2023, then surged by 875.31% to $1.3 billion in 2024, then tumbled by 78.9% to $270.3 million in 2025, then surged by 313.97% to $1.1 billion in 2026.
- According to Business Quant data, Intangibles over the past three periods registered $1.1 billion, $270.3 million, and $1.2 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 5.96 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | - |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 7.41 Bn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 14.12 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 203.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 3.41 Bn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 1.12 Bn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 421.02 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | - |
| 10 | Evercore | 13.30 Bn | 11.58 Bn | 1.38 Bn | 25.87 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.12 Bn |
| Dec 31, 2025 | 270.30 Mn |
| Sep 30, 2025 | 1.18 Bn |
| Jun 30, 2025 | 1.21 Bn |
| Mar 31, 2025 | 1.25 Bn |
| Dec 31, 2024 | 1.28 Bn |
| Sep 30, 2024 | 305.09 Mn |
| Jun 30, 2024 | 1.00 Bn |
| Mar 31, 2024 | 1.03 Bn |
| Dec 31, 2023 | 131.33 Mn |
| Sep 30, 2023 | 1.03 Bn |
| Jun 30, 2023 | 1.02 Bn |
| Mar 31, 2023 | 1.05 Bn |
| Dec 31, 2022 | 141.83 Mn |
| Sep 30, 2022 | 144.69 Mn |
| Jun 30, 2022 | 1.13 Bn |
| Mar 31, 2022 | 152.24 Mn |
| Dec 31, 2021 | 1.18 Bn |
| Sep 30, 2021 | 1.20 Bn |
| Jun 30, 2021 | 163.77 Mn |